MY CVC Donation is TAX DEDUCTABLE
All charitable donations made through CVC via payroll deduction, cash,
check, credit card, or stock donation are eligible for tax deduction status (if no goods
or services were received in exchange for the gift).
IRS Guidelines for Charitable Donations
(Complete information available at: http://www.irs.gov/pub/irs-pdf/p526.pdf –starting at page 17)
~In order for your contribution to qualify for tax dedication you will need to
follow the guidelines below~
CASH DONATIONS (less than $250– includes check, credit, cash)
¾
Provide cancelled check or bank/credit union or credit card statement
¾
Receipt from the charity (letter or written communication) that includes the date of your gift and
the amount of the contribution
FOR PAYROLL DEDUCTION GIFTS
¾
A paystub, W-2, or other year-end statement from your employer indicating the amount and
date of the contribution (Can be printed from Payline or provided by your H.R. office)
¾
Copy of your CVC pledge card
¾
Receipt from the charity (letter or written communication) that includes the date of your gift
and the amount of the contribution
FOR STOCK GIFTS
¾
Please consult your tax accountant based on the amount donated.
¾
Keep a copy of your pledge card and the receipt generated from the CVC office.
¾
Keep the notice from the stock broker as to the liquidated value of your stock
If you have NOT received a letter from the charity you designated to (AND
HAVE INDICATED THAT YOU WISH TO BE RECOGNIZED ON YOUR PLEDGE
CARD), please email [email protected] with the following:
¾
Your Name
¾
Name of the
charity
¾
Year the donation
was pledged
¾
Name of your State
Agency or
University